Covid-19 Updates

Covid-19 Support Grant For Small Businesses

By Wen Wen / April 20, 2020

Small businesses and non-profit organisations The NSW Small Business COVID-19 Support Grant of up to $10,000 is available to eligible NSW small business owners and non-profit organisations. The application form is now live, as of Tuesday April 14, 2020. Small businesses highly affected by the Covid-19 outbreak This grant supports the ongoing operations of small […]

Claiming tax deductions for employees working from home because of covid-19

Tax Deductions When Working From Home Because Of COVID-19

By Wen Wen / April 13, 2020

Are you an employees working from home? As the situation around COVID-19 continues to develop, you may now be working from home and you may incur expenses that you can claim at tax time. To claim a deduction for working from home, all of the following must apply: You must have spent the money The […]

The Federal Government announces the new jobkeeper wage subsidy package

The Federal Government Announces The New JobKeeper Subsidy Package

By Wen Wen / April 6, 2020

The government announced a new subsidy package for businesses The government announced at the end of March a further massive subsidy for businesses to help them retain employees so they are ready to get back to business when the current coronavirus issues subside. The new subsidy is called a JobKeeper payment. The key things to […]

Learn how to apply for early access to your super savings

Limited Options To Access Super Savings Early

By Wen Wen / March 24, 2020

Limited access to super savings Achieving a certain age and retiring There are very limited circumstances when you can access your superannuation savings earlier than when you meet what the ATO calls a “condition of release” — which for most people generally means achieving a certain age and retiring. Medical conditions, severe financial hardship or […]

Federal Government’s Second Coronavirus Stimulus Package

By Wen Wen / March 23, 2020

The Federal Government has announced stage 2 of its economic plan to provide financial assistance to Australians. Boosting cash flow assistance Cash flow assistance ► The Government is providing up to $100,000 to eligible small and medium-sized businesses, and not-for-profits (including charities) that employ people, with a minimum payment of $20,000. ► Under the enhanced […]

Federal Government Announces Coronavirus Stimulus Package

By Wen Wen / March 13, 2020

In response to the Coronavirus crisis, The Federal Government has announced a range of measures to support the economy, business and employment in the face of the coronavirus health crisis. The measures include the below. 1. Cash Flow Boost for employers Employers with an aggregated annual turnover of under $50 million (based on prior year […]